MQ TECHNOLOGY BHD
KLSE (MYR): MQTECH (0070)
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Last Price
0.12
Today's Change
0.00 (0.00%)
Day's Change
0.115 - 0.12
Trading Volume
9,205,600
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17 people like this. Showing 50 of 20,291 comments
FOR NEWBIES
(I) PROPOSED SHARE CAPITAL REDUCTION;
(II) PROPOSED SHARE CONSOLIDATION; AND
(III) PROPOSED ISSUANCE OF BONDS
On behalf of the Board, Mercury Securities wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 7 August 2024, resolved to approve the following:
(i) Proposed Share Consolidation; and
(ii) Listing of up to 327,109,900 new MQ Tech Shares to be issued pursuant to the conversion of the Bonds.
This announcement is dated 7 August 2024.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3471639
=================
Share consolidation and fund raising via bond issuance approved
Coming soon !!!
2 months ago
FOR NEWBIES
CIRCULAR TO SHAREHOLDERS IN RELATION TO
(I) PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY") OF RM50.00 MILLION PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("ACT") ("PROPOSED SHARE CAPITAL REDUCTION");
(II) PROPOSED CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN MQ TECH ("MQ TECH SHARES" OR "SHARES") INTO 1 MQ TECH SHARE ("CONSOLIDATED SHARE(S)") ("PROPOSED SHARE CONSOLIDATION"); AND
(III) PROPOSED ISSUANCE OF REDEEMABLE CONVERTIBLE BONDS ("BONDS") WITH AN AGGREGATE PRINCIPAL AMOUNT OF UP TO RM150.00 MILLION ("PROPOSED ISSUANCE OF BONDS") (COLLECTIVELY REFERRED TO AS "PROPOSALS")
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3473940
==============
Share consolidation and more fund raising coming soon !!!
https://www.klsescreener.com/v2/stocks/view/0070/mq-technology-berhad
2 months ago
FOR NEWBIES
Changes in Director's Interest (Section 219 of CA 2016)
MQ TECHNOLOGY BERHAD
Particulars of Director
Name MR TERENCE CHEAH EU LEE
Directors continue to dispose
https://www.klsescreener.com/v2/announcements/view/7679817
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3474457
=================
Share consolidation and fund raising via bond issuance coming soon !!!
2 months ago
Condolidation is a good news. Don't worry. Just like Technax after consolidated and go to the moon !
1 month ago
Remember Mqtech core business still HDD ya...complement data center and AI aound the world !
1 month ago
https://www.klsescreener.com/v2/news/view/1393055
Meanwhile, MQ Technology Bhd (KL:MQTECH) saw its executive director Terence Cheah Eu Lee dispose of more shares in the ACE Market-listed company. Cheah has sold a total of 25.5 million shares on the open market since May, the latest transaction being 7.5 million shares on Aug 28. This leaves him with a 0.96% stake, or 15.69 million shares, compared with 3.03% before.
MQ Technology produces moulds, tools, dies, jigs and fixtures used in the manufacturing of hard disk drives. The company narrowed its net loss to RM4.29 million for the nine months ended June 30, 2024, from a loss of RM8.47 million a year earlier. In July, it changed its financial year end to Feb 28 from Sept 30.
1 month ago
23th is the consolidation date...
after that we see whether it will fly like MMAG or not or drop like TECHNAX.....
stay tune guys....
1 month ago
Changes in Director's Interest (Section 219 of CA 2016) - MR TERENCE CHEAH EU LEE | https://www.klsescreener.com/v2/announcements/view/7915893
Director finally disposed all shares to open market
1 month ago
new to clean up first....
hopefully after consolidation, company can perform better....
1 month ago
FOR NEWBIES
CONSOLIDATION OF EVERY 10 EXISTING SHARES IN MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY") ("MQ TECH SHARE(S)" OR "SHARE(S)") INTO 1 MQ TECH SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")
Ex-Date 23 Sep 2024
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3482145
https://www.klsescreener.com/v2/announcements/view/7809983
==============
Take note of share consolidation ex-date whereby your shareholding will be reduced by 10 times
Current NOSH = 1,635,549,531 will be reduced to 163,554,953
After completion of share consolidation exercise, directors will restart fund raising again via massive shares issuance to PP, ESOS, RI or asset acquisition
Retail shareholders holding at high prices will certainly incur huge losses due to the share consolidation
1 month ago
Walaoeh, what happend ?
Super damn hot man Mqtech today !
Now Mqtech was traded at @0.125 (+0.025) (+25 %)
Heng ah, Ong ah, Huat ah !
1 month ago
Hello...supposed to be 0.15 as before consolidate is 0.015 x 10. So no big deal if 0.125. Too slow instead as one of the directors opt out before consolidate
1 month ago
what @Vicky mentioned is correct. Suppose after consolidation, they price must be 15c and not 12c.
Let's see in coming days, whether the price will be pushed above 20c or not....
Not very high hope but better than nothing la....
1 month ago
Wow, Amazing !
Now Mqtech was traded at @0.14 (+0.04) (+40 %)
Heng ah, Ong ah, Huat ah !
1 month ago
Again no big deal as it used to be 0.015 x 10 = 0.15 now. Unless it hits 0.4 then bravo !
1 month ago
Wow, Fantastics !
Now Mqtech was traded at @0.15 (+0.05) (+50 %)
Heng ah, Ong ah, Huat ah !
1 month ago
Company like Mqtech full of potential. Their core business is in line with AI and data center. So share prices could trend higher
1 month ago
looks like not going to sustain at 15....
touch n drop only....
might go below 10....
not easy this counter....
macam macam buaya ada ma....
1 month ago
FOR NEWBIES
After share consolidation ex date on 23 Sep 2024,
NOSH reduced from 1,635,549,531 to 163,554,653
Retail shareholders bought at high prices (before share consolidation) incurred huge losses due to directors action.
Next step is for directors to restart fund raising activities again via massive shares issuance to PP, ESOS, RI or asset acquisition.
If directors cannot bring in profits from business operations, more fund raising will be carried out via massive shares issuance
Eventually, NOSH will exceed 1 BILLION shares again.
==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition
1 month ago
back to 10-12 range...
15 range non sustainable...
looking at 8-9c range next week...
1 month ago
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Vicky
If Malaysia GDP forecast 5.9% growth with its data center business, Mqtech will be part of the beneficiaries of this initiative
2 months ago